Residential units offer good yields to investors

Residential investments with 9% to 11% yields are on offer in two Cork locations via separate receivers and for separate distressed vendors.

The returns will draw immediate investor interest, and a possible upside could be capital appreciation which will be free of Capital Gains Tax if sold on within the next seven years, under measures introduced in Budget 2012.

One offer is a newly-developed block of 20-one-bed apartments, a shop unit and an off-licence investment, in the heart of Cork’s northside on Shandon Street.